Now it has approximately 10.8 million shares

Progressive Gaming reflected one-for-eight reverse stock split

United States
Reading time 19 seg

Following the reverse stock split the company has approximately 10.8 million shares, inclusive of 2.1 million shares issuable pursuant to the convertible note debenture with International Game Technology and approximately 0.8 million shares issuable under option and warrant agreements.

The preceding calculation does not include any contingent warrants or shares that may be issuable to Private Equity Management and IGT.

Following the reverse stock split, the number of total authorized shares of the company’s common stock has been reduced to 12.5 million shares.

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